Charity Reglstratlon No. 1063418 THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Trustep5 Mrs D S Jenkins (Chair) Mrs W J Baker MrCJHunt Mrs K D Mayberry Charity number 1063418 Prlncipal offFee Ansty House Henfield RI￿1 Small Dole We51 Sussex BN5 9XH Auditors TC Group The Coutyard SPtsJreham Road Upper Beeding West Sussex BN44 3TN Bankers Charities Aid Foundatb)n CAFCASH Ltd 25 Kirus Hill Avenue Kings Hill West Mal&ThJ Kent ME19 4TA THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST CONTENTS Trustees, report Auditorfs report Statement of Financial Activitses Balance Sheet Notes to the Accounts 8-15 THE MICHAEL AND SHIRLEY HUNT CHARrrABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AIARCH 2024 The trustees present their report along with the fmancial ststernent9 of the thafity for tre year ended 31 March 2024. The finan¢tal statements have been prepared in accordance with the accounting polioes set out on pages 8- 9 and comply the charivs trust deed and appltcable law. ObJertlve5 and Acllvitie5 The charity was fonned with Ihe prirory cijpctves of relieviThJ the hardship faced by prismers and the familie5 of prisoners and relieving the suffering of an1￿1$. In addition. wider powers are ￿￿1&[red on the trustees to make other charitable donat￿nS at Iheir absolute discretion. The trustees have compljed with the duty in section 4 of the Charities Act 2D11 to have du8 regard to guidance published by the Charlty Commission. incknding guidance on Public Benefft. Aehlevements and Perforniance Grant applications are generated from a vanety of sources, principalty from the Chanty Commission register, the Ciliz6ns' Advice Bureau and various grant giving guides. Th8 trustees, philosophy is primaiily lo assist charitable bodies with emergency operatr'onal funding rather than funding capital projects. The lJustees in&st that all grant applicattons be made in writing. A quorum of truskes reviews the applicatsons on receipt and deodes immediately or requests further inf0m￿tIon. Fonnal meetings of all the trustees are held as and when ne¢essary and atleast annually. The trustees have ensured that the charity ha5 delivered public benefft in the areas of the relief of poverty suffered by prisoners and the families of prisoners, the advancement of attzenship in contributing to the rehabilitation of prisoners. and the advan¢ernent of animal welfare. The tnjstees have carefully ccnls ￿m¢h dFsckTr with Teasonable accuracy 8t any time the financial posilton ofthe cPArltyand eTrab￿ them t) ensure that the flnancial statements comply with the Charities A¢t 2011. They are also responsible for safeguarding the assets of the ¢haTity and ￿nce lor taking reasonable sleps for the prevention and delection of fraud and other irregularlties. Approval This report was approved by th• trustees on I 2025 and signed on behalf Trustee THE MICHAEL AND SHIRLEY HUNT CHARrrABLE TRUST AUDITOR'S REPORT TO THE TRUSTEES OF THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST We have audited the finanrial statemerrts of The Mchael and Shirley Hunt CharitaNe Ttust for the year ended 31 March 2024 which compromise the Statement of Finan(aal Adivibes, the Balance Sheet and not85 to the financial ststements. The fina￿al reporting framewofk that has been applied in their preparation is appiicable law and Unrted Kingdom Accounting Standards. including Financial Reporliry Standard 102 The Financial Reporknng Stsndard applicable in Ihe UK {United Kingdom Generally Accepted Accounting Prac*ce) In our opinion. the financial statements: give a true and fair v16w of the state of th? charilable twsfs affairs as at 31 March 2024 and of its incoming resources and application of resources. Yicluding its income and expendilure. for Ihe year then ended; have been properfy prepared in accor￿Ce with United Kin•lom Generatty Accepted Accounting Practice. and have been prepared in accordanc£ with the requirements of the Charities Act 2011. 8asi5 Qf oplnlon We conducted our audit in accordance wilh Intemational Standards on Audrting {UK) (ISAS (UK)) and applicable law. Our re8p3nsibilities under those standards are further described in the Auditorf5 responsi1￿.11￿&S for the audit of the financial statements section of our report. We are Independ￿rt of the chwitable trLLSt in accordanGe with the ethiGal requirements that are relevant trJ our audit of th8 financial statements in th8 UK. including the FRC'S Ethic81 Slandard, and the prowsions availab￿ for gmall entities, and we have fLtlfilled our ethical responsibilities in ac￿rdanCe with these requiTements. We bel￿e that the audil evidence we have obtained is suffi¢ient and appropriate to provide a basis for our opini(m. Concluslons relatlng lo going con¢ern In audrting the finan¢ial 5tatemenl$. we have ¢onduded that the tTUStee¥ use of the going 9)r￿eM basis of a￿ountIng in the preparntion of the fjnancwl statsménts is appropriate. Based on Ihe work we have performed. we have not identified any material uncertainties r6lating to events or onditions Ihat. individualty or collectsvely, may cast doubt on the charitable twsfs ab￿lty to continue as a going concem for a period of at least I￿ve1ve monlhs from when the financial statements are authorized for issue. Our respwsibilities and the responsibifilie5 of the trustees with respect to going concem ar8 described in the relevant sections of this rewt. other Inforniatlon The other info￿allon corryises the ￿fornIation includeAI in 1he annua report. induding the tTustees' repor( other than th8 financial statements and audiiots report1hereon. The trustees are responsible for the other infoTm8tion. Our oplnion on Ihe financial slatements does not cover the olher i￿ormatiOn and, eX￿p1 to the extent otherwise explicrtly stated in our repor( we do not express any lomi of assuranGe C￿Us￿D ther￿. In O￿nection wlh our audit ofthe finan¢ial Statements. our tesponsibiAty is to ￿ad the olher irrfomiation and, in doing so, consider whether ihe other infoTrnab"on ts materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify suth matsrial inconsistencies or apparent material misstatements. we are required to determine whether there is a malertal misststemenl in the financial statements or a material misstatement of the other infomiab'on. If. based on the work we have performed. cOnd￿je there a material misstatement of this other inft)rmation, we are required to Teport that fact. We have nothing to report in this regard. THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST AUDITOR'S REPORT TO THE TRUSTEES OF THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST Opinions on other matters pre5Crtbed by the Charllles Act 2011 In our opinion. ba*J on the work undertaken in the course or the audt. the information given in the trustees. report for the financial year for which the finan￿al statements are prepared is ¢onsistent with the financial statements" and th6 trustees, report has been prepared in accordan￿ wth appliCa￿elega1 requlrements. Matters on which we are requlred to report by exceptlon In the light of our knowledge and understanding of the charitable trust and its environrnent obtained in the ourse of the audit, we have not identified material misstatements in the trustees. report. We have nothing to report in ￿spectof the followiry matters in relation to which the Chanties Act 2011 requirn5 us to report to you rf. in our opinion-. adequate accounting records have not been kept. or retums adequate for our a￿lIt have not been received from branche5 not W5iled by us: or the financial 5taternents are not in agreement with the a¢ccAJntry record5 and retums" or tx1ain disclosures of trustees. remuneration specified by law ¥e not made" or we have not received all the infomialion and explanatM)ns V+E requir8. Responslblllties of trustees As explained more lully in Ihe trustees. responsibilities statement. the are responsible for the preparation of the financial statements and being satisfjed that Ihey give a true and fair vs&w, and for such internal control as the trustees determine is necessary to enable the preparation of finanGial statements that are free frotn material misstatemwrt whether due to fraud or eryor. In preparing the financial statements, the tnjstees arè reSp￿tsIble for assessing the charitable trusts abllity to continue as a going COn￿M, disdoEing. as applicable. matters related to going concem and using the going concem basis of accounflng unless the trustees either intend to liqutdate the tharitablo trust or to cease operations, or have no reallstic altematrve to do so. Audltoys responslbllltles for the avdtt of the financlal statements Our objectives are to obtain reasonable assU[w￿e about Wheth￿ the financial ststements as a whole ar8 free from material mi5Stalement. whether due lo fraud oi ern)r. and to ISSU8 an audttofs rep()rt that includes our opinion. Reasonable assurance is a hith level of a55urance. but is not a guarantee that an audrt Conduc￿ in accordance ISAS (UK) will always detect 8 matersal misslatement when it exists. Misstatements Can arise from fraud or error and cljnsidered material rf. indivithany or in Ihe aggregate, they could reasonably be exp8cted to infiuence the ecommic deasi¢>n5 of users taken on the basis of th&se fman¢ial statements. Irregularities, induding fraud. are instances of non-compfiance viith lavts and regulations. The extent to which our procedures 8re capable of detecting irregularilies. includiThJ fraud. is detailed bel(M. Extent to which the audlt was consldered capable of detectlng Irregularttles. Including fraud The objectives of OUT audit. in resFe¢t to fraud. are: to identify and assess the risks of material misstatement of Ihe financial Statements due io fraud" to obtain sufficient appropnate aLKlit evidence regarding the assess8d risks of material misststement due to fraud, through destgning and implementing appropriate responses: and to respond appropri8tely to fraud or suspected fraud Klen1ified during th8 audit. However. the primary responsibility ftjr the prevention and detection of fraud rests with both tl)ose d>arged with govemance of the entity and Fts management THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST AUDITOR'S REPORT TO THE TRUSTEES OF THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST Our apPr￿h was as follows: We idenlified areas of laws and regulalk>n5 that could reasonably be expectsd to have a material @ffeGt on the finan￿81 statements from our general sector experience. and through discussion with the trustees and other management (as required by auditing standards). and discussed wth the trustees and other management the policies and procedures regardir#J compliance with laws and regulab'ons (see below): We identffied th8 following areas as those most likety lo have such an effect.. health and safety,. General Data Protection Regulation {GDPR); fraud. and bribery and corruption. Auditing standards limit the required audit Pro￿dureS to identify non-￿MplI8n¢e with these laws and regulations to enqulry of the tTUStees and other management and inspection of reguLqtory and legal corresponden￿, if any. We considered the legal and regulatory frameworks directly applicable to the financral statements reporb.ng framework (FRS 102 and the Charities Act 2011) and the relevant tsx complianrE regulations in the UK. We considered the nature of Ihe charitable tn￿￿S operation5. the control environment and financial performan￿. We communicated identtfied laws and regulations Ihrough(Krt wr leam and remained algrt to any indicaiions of non-compliance throughout the audit. e considered the procedures and contro15 that the charitable twsl has established to address ri5k$ identified, or that otherwise prevent, deter and detect fr￿d. and ITh senior management monitors those prcmjrammes and controls. Based on this understanding we designed our autht pmcedures to identify non-compfiance with such laws and regulations. Where the risk was considered to be higher. we performed audit procedures lo address each identified fraud risk. These procedures induded= testing manual joumals; reviewing the financial statement disdosures and testing to supporbng documentation", perfomiing analyts'¢al procedures. and enquiring of management, and were desKJned to provide reasonable assurance that the financial ststements were free from fraud or error. Owing lo the inheTent limitations of an a￿lIt, there is an ￿0voidable risk that we may not have detected 50rne material misstatements in the financial statements. even though we have proFerly planned and performed our audit in aCCordar￿e with audrhng stsndard5. For example. the further removed r1on-¢omplian￿ with laws arKI regulations (irregularities) is from the events and transactK)ns refiected in the financial statemetts, the less likely the inherently limited procedures required by audib.ng standaTds would identty IL The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional oJn¢ealfflent, forgery, collusion. omis$ion or misrepresentation. We a￿ not responsibte for preventing non-compliance and cannot be expected to detOCt non-compliance with 811 laws and wulati(￿S. Use of our report This report is made solety to the dRritable trusf5 member5. as a body. in ac￿rdanCe with Ihe Charities Ad 2011. Our8uditwoTk has been undertaken so thatwe mighl state to the charitable trust's members th058 matters we are required to state to them in an auditors, report and for no other purp￿e. To the fullest extent permitted by law, we do not accept or assume responsibility to arry0r￿ other than Ihe charttable trust and the charitable tru5Vs members. a5 a body. for our audit work, or for the opinions we have fornied. Mgrk Cummlns FCCA {Senlor S for and on behalf of TC Group Statutory AuditOV5 Office: Steyntng. West Sussex uditor) THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Endowmènt funds nds Total 2024 Totsl 2023 Incomlng resources: Investment income 378.393 378.393 305,066 Totsl Incomlng resourRs 378.393 378,393 305,066 Resources expended: Charitsble 6xpenditure.' Grants payable Management and administration 105.050 7.296 105.050 7,296 105,401 7.322 Totsl resources eXp￿ded 112.346 112,346 112,723 Net movement In funds In the year tthe revaluation 266,047 286.047 192.343 Gain on revaluation of investrrtent propety 413.000 413.000 Nel moyenmnt In lun THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Publlc Benefit Entity The Michael and Shirfey Hunt Charitable Trust is con5tttiAed as a chatitable trust and reglstered in the United Kingdom. tt is a Public Benefit Entsty. Accountlng pollcles Basls of preparation The financial statements are prepared in accordance with the Accounting and Reporling by Charitie5: ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting StsrKiard applic*ble in th8 UK arKI Rep￿11¢ of Ireland (FRS 102, effe¢tive 1 January 2019)- (Charilies SORP {FRS1021). Assets and liabiliti8s are initially reLwnised at historrAI cost or transaction value unless oth•rwise ststed in the relevant accounting policy note(s). The financial stateTnents are preparerj in sterling, whiGh is the functs'onal currency of Ihe charitable company. Monetary amounts in these financial Stat￿nents are rounded to the nearest pound. 2.2 Golng concern The trustees considerthat the tharity will be a going cOn￿M fora period of at least hvelve month$ following the date of the audit rewrL 2.3 Income Investment In￿Me is ac¢ounted for ii the perK)d in which the ch*ity És entitled to re￿ipL 2A Resources expended Expenditure is accountsd for on an acuuals basis. Grants payabfe are charged in the year when the offer is Lx)nveyed to the recipient ex*pt In those case5 where the offer is C￿dItional. such gr￿ts being recognised as expendrture WI￿7 the ¢onditions attathing are fulfilled. Management and athrmnistration comprtses ¢osts for the nmning of the chartty itself a5 an organisation. Fund accounllng Unrestricted funds comprise tkK>se lunds whth the trustees afefree to US8 in aCcorda￿ewIth the charitable objectives. Endowmenl funds represent those as50ts which must be held pemianenlly by the thaiity. Income arising on the endowment fund can k used in accordance with the oL4"ects of the tharity and is induded as unrestricted income. Any capilals gains or losses W￿ing on Ihe endowment fijnd investments fom part of the fund. Investment property Inveslment property is measured al Fairvalue wilh gains or losses In Fair Value recognTS8d in th6 Statement of Financial Activities. 2.7 Cash al bank and in hand Cash at bank and in hand includes cash and short-term, highly liquid investments. The trustees seek to use 5hort-temi deF4)Sits to maximise the retum on monies held al the bank and to manage cash Ilow. THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles Icontlnuedl 2.8 Debtors Trade and other debtors are rKognised at Ihe selljement amount due. 2.9 Creditors and provlslons Credilots and provis￿nS are recognised where the charity has a wesent oblKJab¢M r8sulling from 8 past event that will probably resuttin a transferolfunds to a th￿d paty ar￿ the arnountdue to settle the obligatN)n can be measured or 8slimated reliabty. 2.10 Accounting esllmates and Judgements In the applicalion of the chaTitys accounting policies, Ihe trustees are required to make judgeTnents. estimates and assumptions aboul the carrying amounts of assets and liabilities that are not readily apparent frorn other sources. The ests"mates and associated assumptions are based on historical experience and other lactors that are considered to relevant. Actual resufts may differ trom the$8 estimates. The estimates and underfying assurnpt.ons are reviewed on an ongoing basis. R8visions to accountir ests'males are ret￿gnised in the period in which the estimate is revised rfthe revision only affects that period. or in the Derrods of the revision and fu￿re Dertods if the revtsion affects both current and future Deriods. Investment Income 2024 2023 Net rents réceivable Interest on cash deposits 204301 174092 237.924 67.142 378.393 305,066 Grants payable 2024 2023 The am￿nt payable in the year eA)mprise5: Relief of hardshlp of prisoner5 and prfsoners. famllies Institub'onal gr8nts.- Hallow {Bimiingham)- grant for thildren% athibes at HMP Oakw( New Bridge- Prisoner befriending service contribulion Create- wDrkshops for priwiers to create books for their chFldren The No Way Trust - assistance with educaliorml workslw5 ky vulnerable people Crisis - grant tthyards Critical Time Intervention project Koe511er Arts. Art workshops for prisoners Pti50n Fellowship - grant towards 2022 Anu61 Tree Chri51mas project Margaret Carey Foundation Ltd - grant for setting LP ￿ new prison workshops Ormiston Families- grant towards Breakir¥J Barriers service Prisoners Abroad - ￿ant towards Family Travel Fund SOFA Project Ltd - work experience for pri8oner5 refurtAsh*ig white goods Prisoners Penfrtends - help with slalionery and adnyn costs of vduntsers Families Outside - Kerri Scott- he￿ with Ilat furnishing 3,000 2.300 4.000 2.000 1,000 5,000 1,000 1,500 I,DlYJ 2,000 1.000 3.000 2.000 4,000 2,500 1.000 4.000 2,500 1,000 1,085 THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants Payable {continued) M¢)dem Art Oxfcrd . pmgramme ￿￿[kIng with thildren impacted by parental imprisonment RAW Workshop- grant re trainiThJ programme at HMP Spring Fèll Centre for criminal appeals- Grant for Ka Prison Athce and t￿re Trust- Grant to assisl piisoners d)ildren arKI farniiies Hope and Wisio Communities- Grant to assist charitab]e work In20ut- Grant to help their chaiitable work Trailblazèrs Mentorirrfj Ltd- Grant to support prisone￿ and prison leaveT5 1 other institutional grants under £1.000 ea¢h {2023: 2 in total) 1,000 2.000 1AOO 2,000 2.000 2.000 2.000 2,OLKI 30,160 8,777 30.265 2,828 Grants to 19 irKfividuals (2023-19 individuals) 38,937 33.093 Rellef of suffeylng of anima15 Institut￿￿￿ grants." Rain Rescue - help wilh hO￿leSS cats and dt)gs Secret World Wildlife Rescue - grant for incubators and brix)ders Oak Tree Animals Charity - help with animal welfare costs Support tlogs - help ￿1th training costs for dogs that he￿ wilh aulism & epilepsy Southem Thailland Elephant Foundats"on- assistance WAth running costs Brent Lodge Bird & Wildfife Tnjst - grant for rehab and treatment for wildlite casualties Barn Owl Trust. prptect and conserve bam owls RSPCA Nth Wihs & Newbury District- grant for refurbishment of Vlildtrfe centre Bulldog Rescue & Rehoming Trust - help with urgent veterinary care South of Scotland Wildlife Hospttal - grant to help res¢ue injured or orphaned wildlrfe Tia Rescue - grant towards Constructi(￿ of konnel Stokenchurch Dog Rescue - grant towards vetervMry fees Greyhound Rescue - grant to assist wilh veterinary costs Himalayan Animal Treatmerrt Centre (UK) - ass(stance wilh running costs Cat Welfare Group- assistance wth cosls to neuter cats arKI kiitens Forever Hounds Trust- assistance wrth running costs Moortand Mousie Trust - granl towards work with Exmoor ponie5 Worldwide Veterinary seT¥1￿ - granl towards costs of essential we(S¢ines Remus Memoria HoT5e Sanctuary - grnnt towards costs of a wcrf)dchip Pet Food Bank Servi¢e- assistance wth ruming costs Dean Farm Trust- assistance with running costs Raystede Centre for Animal Welfare- assistance with running ¢osts Prevent Unwanted Pets - grant towards costs of veterinary treatments Mayhew Animal Home - grant lo fund 25 care packages for pets of homele5S Cetacean ReseaTch & Rescue Unit- grant towards ¢05t of quad bike 1,000 1.598 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1.000 1,000 1,01)J 1,000 1,000 1,OiXI 1,000 1.000 1.000 1.OOQ 1.000 1,000 1,000 1,000 1,000 1,000 1,000 1.000 1,000 1.000 1.000 1.000 1.000 1,000 1.000 1.000 1.000 1,000 1,000 1,890 1,000 1,000 io THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants Payable (continued) Endangered Specaes Protecbon Agency - syant to help protect VK peregrine falcons Goodheart Animal s￿Ctuar1es - grant towards rehabilitslion and speaal care unit Newcastle-upon-Tyne Dog & Cat Shelter GreatsYoc*J - grant to aS￿st with equine welfare National Animal Welfare Trust- grant towards redevelopment project Woodlands Animal Sanctuary- grant towards charity's running costs Bath cats and Dog$ Home- grant towards charitable work International Otter SuNival F￿d- grant towards your tharty work Pet Fost￿1ng Service Scotland - grant towards d￿ritable work Refuge4Pets- grant towards running costs Cuan Wikllife Rescue - granl toward running costs RSPCA Mid Norfolk & Nth Suffc4k Hope Rescue - grant tthvards veterinary costs RSPCA Sussex W6St Branch- grant towanls veterinary fees Wythall knimal Sa￿ary- grant to help with charitable w(¥k stepney Bank Stables- grant towards charitable w(¥k 4 other institutional grants under £1.000 (2023.7 in lotal) Suffolk Sanctuary- grant towards charitable woik Cetacean Research & Rescue Unit- grant towards rppaif5 to boat'Hemieg' 1,000 2.000 1,000 1,000 2,000 1,000 1,000 1,000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.750 1,000 1,875 4,300 38,113 32,300 other deseNing causes Instrtulion81 grants." DEC Pakistan Flood Appeal st Bamabas HoSpi￿- support for kKal hoSp￿e Reengage- SUPF4)rling teleptrK>ne befrierKling for the ehjerty n Sussex Kinship Care N Ireland - Xrnas appeal for gifts for children unable to live with their parents Sl Wilfreds Hospi￿ - 5UPPOrtfor Iw81 hospice DEC Earthquake Appeal Martlets Hospice- support for local hOs￿Ce Rockinghorse - Childrens Charity - gtant towards fundiThJ hos&Mta youth worker 10.OtsJ 7,000 1,000 1,000 7,IMIO 3,258 10,000 7.000 1,000 r Ambulance Kent Sury Sussex- grant towarrls charitable work Off the Fence - supporting the homeless in Brighton & Hove Drtch the Labd - grant towards w￿k for vuknerable young people Theatre Pipe Organ Preservalion grant to assist ¢hantabbe work Martlets HospKe - support for I￿al I￿￿P1 2,000 1.000 1.000 8.000 7.000 li THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants Payable {conllnued) 2 other insiitulional grdnt under £1.0(KI (2023-. 1 in total) 1,000 750 28,000 40.008 TOTAL GRANTS PAYABLE IN YEAR 105.050 105.401 Of which were paid to institutions Of which were paid to individuals 96,273 8,777 102,573 2,828 105,050 105,401 Management and admlnlstrallon 2024 2023 Audit fee Bank ¢harg8s 7.200 96 7,200 122 7.296 7,322 staff costs and trustees, remunerdtlon No remunerat40n was paKI to the Iwstees in the year. were any trustees. expenses reimbursed. All dubes were perf0m1￿ by the In￿tee$ themselves, *rylh occasional voluntary athnintstrabve assistance. Taxallon All of the chariVs income falls within exernptions under Part 11 ￿ Ihe Cry)ration Tax Act 2010. 12 THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Comparatlve Funds- Statement of Financlal Athviknes for the Year Ended 31 March 2023 Unrestricted funds Endowment Funds Total 2023 Incoming resources: Investment income 305.066 305,066 Total incomlng resources 305.066 305,066 Resources expended: Charitable expenditure: Grants payable Management and administration 105.401 7,322 105MOI 7.322 Total resources expended 112,723 112.723 Net movement In funds in the voar before revaluation Transfer between funds 192.343 (134,3931 192,343 134,393 Net mov¢ment in funds 57,950 134,393 192.343 Reconciliatlon of funds Total funds brought forward 4.654.759 3,214,438 7,869.197 Total fund5 carried forward 4,712,709 3,348,831 3,061,540 13 THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Investments 2024 2023 Market value brought forward Revaluation in year 3,348,831 3.348,831 413,OOQ Market value carried forward 3,761,831 3.348,831 Investments at market value COrnPTFsed UK free￿Id prrwerty. Historical cost as at 31 March 2.782.836 2.781836 The investrnent properties are siluated in the UK and were valued on Ihe basis of fair value by the tfustses at 31 Marth 2024. The trustees. valuations of the properbes are based on 2019 exiemal formal valuations by R H Newman FRICS. or the cost of purchase where a propety has not been formally valued. adjust for movements in appropnate market indttes and where trustees are aware of changes in material value. 10 A¢¢rued Income and debtors 2024 2023 Olher debtors arKI prepayments AGcrued income 3,438 158,470 50.138 161,908 50,138 11 Credltors and a￿Tual$ 2024 2023 Acxwals Deferred income 17245 33.501 7,308 45,155 50,746 52,463 Deferred income represents rent paid in advance pertaining to the financial year ended 31 Marckn 2025. 12 Endowment tund Balan¢• at 1 Aprll 2023 Incoming resources Resources expended Transfers Inlout GalnlOossesP Balance at 31 March 2024 3,348,831 413.000 3,761.831 The endowment fund represents the amount inibalty endowed upon the d￿rity that is inv8sted at the trustees, discretion in order to rtNgximige a retum. and adjusted for any Tevaluation in investments. During the year. £nil (2023". £134.3W3) was transfured into thE endovfftent fund, and £413,OIX) being revaluatton gains was recognised. 14 THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13. Anatysi5 of nol assets between fvIMts Unrestrirted funds Endowment funds Total Fund balances at 31 March 2024 are represented by: Investments Current assets 3.761,831 3.76L831 5.029.502 (50,7461 8.740.587 5,029,502 (50,746) 4.978,756 Creditors 3.761￿31 Unrestricted Endowmtnt tunds Total Fund balances at 31 March 2023 are represented by: Investments Current assets 3,348,831 3,348,831 4.765.172 152.4631 4.765.172 152,4631 Creditor5 4.712.709 3348.831 8,061,540 14 Related party transaction5 The Trust receives rental income from a related party. Btrchwood Garages Limrted. which r& related due to on8 of the tmstees being a director of the company. The amount of rental income reGeivable trom the relat￿] party in the year was £142.000 (2023." £142.000). Also during the year. The Mi¢hael and Shirley Hunt Charitable Tntst received an additional £3.720 12023.. £3,637) from B ￿chW{￿ Garages, being recharges of insurance costs incurred on behalf of Birchwood Garages. 15